Beck Bode LLC Raises Stake in Pacific Gas & Electric Co. $PCG

Key Points

• Beck Bode LLC increased its holdings in Pacific Gas & Electric Co. by 17.5%, owning approximately 870,661 shares valued at nearly $15 million, making it the firm's 17th largest position.
• The company reported $0.31 earnings per share for the last quarter, falling short of estimates, with revenue of $5.90 billion, down 1.5% year-over-year.
• Analysts rate Pacific Gas & Electric with an average rating of "Hold" and a target price of $20.55, with seven analysts recommending a buy on the stock.

Beck Bode LLC grew its position in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 17.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 870,661 shares of the utilities provider's stock after acquiring an additional 129,511 shares during the period. Pacific Gas & Electric accounts for approximately 2.8% of Beck Bode LLC's investment portfolio, making the stock its 17th biggest position. Beck Bode LLC's holdings in Pacific Gas & Electric were worth $14,958,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Costello Asset Management INC acquired a new position in Pacific Gas & Electric in the 1st quarter valued at approximately $31,000. True Wealth Design LLC increased its position in Pacific Gas & Electric by 1,233.6% in the 4th quarter. True Wealth Design LLC now owns 1,827 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 1,690 shares during the period. Deseret Mutual Benefit Administrators increased its position in Pacific Gas & Electric by 45.0% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,173 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 674 shares during the period. Colonial Trust Co SC boosted its stake in shares of Pacific Gas & Electric by 563.0% in the 4th quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider's stock valued at $39,000 after purchasing an additional 1,627 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Pacific Gas & Electric by 198.1% in the 1st quarter. Larson Financial Group LLC now owns 3,050 shares of the utilities provider's stock valued at $52,000 after purchasing an additional 2,027 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors.

Pacific Gas & Electric Stock Up 2.0%

Shares of PCG traded up $0.31 during trading hours on Monday, reaching $15.30. The stock had a trading volume of 19,336,157 shares, compared to its average volume of 26,094,244. Pacific Gas & Electric Co. has a 12 month low of $12.97 and a 12 month high of $21.72. The firm has a 50-day simple moving average of $14.31 and a 200 day simple moving average of $15.70. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $40.92 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 1.14 and a beta of 0.57.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). Pacific Gas & Electric had a net margin of 9.95% and a return on equity of 10.13%. The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter last year, the business posted $0.31 earnings per share. Pacific Gas & Electric's revenue was down 1.5% on a year-over-year basis. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. Equities research analysts predict that Pacific Gas & Electric Co. will post 1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PCG. Morgan Stanley reaffirmed an "underweight" rating on shares of Pacific Gas & Electric in a research note on Thursday, August 21st. Argus raised shares of Pacific Gas & Electric to a "hold" rating in a research note on Monday, June 16th. Mizuho lifted their price objective on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Barclays lowered their price objective on shares of Pacific Gas & Electric from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, July 22nd. Finally, UBS Group set a $19.00 price objective on shares of Pacific Gas & Electric in a research note on Friday. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $20.55.

Pacific Gas & Electric Profile

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.